In short, made a small profit in HSY and CELG. Long HBI now. Patiently awaiting turnaround at Playboy. Have compiled a list of cheap high yield stocks I want to accumulate:
BGG BVF FHN NI GLP PFE DUK METPRA
I also like HOTT.
Saturday, February 28, 2009
Friday, February 13, 2009
It's On
I took $1500 from my yearly bonus to 'recapitalize' my system. Here's what I've done:
Bought HSY March $30 calls for $6 with HSY trading at $35.90
Thursday Close $36.54
Bought CELG February $50 calls for $2.40 with CELG trading at $51.75
Thursday Close $53.30
Bought HSY March $30 calls for $6 with HSY trading at $35.90
Thursday Close $36.54
Bought CELG February $50 calls for $2.40 with CELG trading at $51.75
Thursday Close $53.30
Tuesday, February 03, 2009
One Bank Worth Owning
As I've been following stocks for several years now, I've come to realize that not all stocks are created equal. There are as many one hit wonder fads as there are stodgy blue chips that have grown so large that inertia has taken over. Members of either category get the bulk of attention by the talking heads. But I can see, by having done so myself, where you can get attached to a company because time and again prudent decisions are made in an effort to stay viable and reward shareholders.
With this in mind, I want to draw attention to one of my, if not my favorite investment, First Horizon (FHN). I first learned of them when they helped us buy our first home. As the financial tide turned, so did it, plummeting from $40 to $5... and then it bounced to $10... and then it held... for 6-plus months now. They sold their mortgage business and continue to dissociate from the industry. They replaced a cash dividend with a stock dividend in order to continue to reward shareholders. The efforts have paid off since last August, as illustrated in the chart below:
With the financial industry so out of favor, this looks to me like a diamond in the rough.
Speaking of deterioration, FLIR astounds me daily. My analysis says it is getting more and more ready to pop to the upside. Hopefully soon. I may have to buy more to average down.
Will start another round of analysis soon.
With this in mind, I want to draw attention to one of my, if not my favorite investment, First Horizon (FHN). I first learned of them when they helped us buy our first home. As the financial tide turned, so did it, plummeting from $40 to $5... and then it bounced to $10... and then it held... for 6-plus months now. They sold their mortgage business and continue to dissociate from the industry. They replaced a cash dividend with a stock dividend in order to continue to reward shareholders. The efforts have paid off since last August, as illustrated in the chart below:
With the financial industry so out of favor, this looks to me like a diamond in the rough.
Speaking of deterioration, FLIR astounds me daily. My analysis says it is getting more and more ready to pop to the upside. Hopefully soon. I may have to buy more to average down.
Will start another round of analysis soon.
Monday, February 02, 2009
GSS Pushes Higher... ABAX too for that matter!
GSS pushed through $1.30, up to $1.57, before retesting $1.30 support. May take days to know for sure as the short term MAs catch up. Exited ABAX after a nice 25% gain in less than a week. Bought PLA at $1.70 based on A) it fits into my system perfectly B) any small gains mean nice percentages and C) somebody can do wonders licensing out those bunny ears - I think their worth more than the $57M market cap. Time will tell.
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